Core Viewpoint - The wealth management needs of high-net-worth individuals in China are undergoing a profound transformation, focusing on wealth preservation and inheritance, diversified asset allocation, customized services, and social impact considerations [1][2]. Group 1: Trends in Wealth Management - The asset allocation of high-net-worth individuals is becoming increasingly diversified, moving away from a heavy reliance on domestic real estate and A-shares to include cross-border investments such as foreign dollar bonds, Asia-Pacific REITs, and private equity funds in Europe and the U.S. [3] - Globalization is a significant trend, with clients seeking investment opportunities worldwide and reducing local asset allocations, indicating a shift from chasing high returns to pursuing stable growth and security [3][4]. - The investment needs of clients are becoming more complex and mature, particularly among entrepreneurs in mainland China, who require deeper insights and tailored products due to their experience with various economic cycles [4]. Group 2: Wealth Planning and Inheritance - Comprehensive wealth planning is increasingly important, with a focus on family welfare and long-term development strategies for wealth transfer [4][5]. - High-net-worth individuals are not only concerned with financial asset transfer but also with the transmission of values across generations, emphasizing a multi-generational perspective on family legacy [5]. Group 3: Integrated Services - There is a growing need for integrated solutions that consider personal, family, and business aspects, requiring service providers to act as strategic partners [7]. - HSBC Global Private Banking aims to go beyond traditional private banking by collaborating with corporate and institutional banking to support clients' business and personal wealth journeys [7][8]. Group 4: Hong Kong as a Wealth Management Hub - Hong Kong is increasingly favored by mainland high-net-worth individuals due to its unique geographical advantages, financial expertise, and robust legal framework, serving as a gateway to global markets [10]. - HSBC provides over 800 carefully selected local and global fund products to clients in mainland China, focusing on diversified asset allocation and tailored investment strategies [10].

21世纪经济报道 吴霜 面对全球宏观经济的不确定性与资本市场的剧烈波动，中国高净值人群的财富管理需求和与之对应的策略正经历一场深刻变革。 他们不仅仅关注财富的增长，同时也注重"保值"与"传承"；不再以"单一货币+房地产"来进行资产配置，而是多元投资"人民币+外币+另类资产"；不再认 可"产品推销"式的服务方式，而更青睐 "一站式、定制化"的选择；不再遵循"只重逐利"的价值观，而更加关注慈善、ESG（环境、社会和公司治理）和社会 影响力。 对于高净值财富人群的财富管理需求变化，身处其中或许更有感受。8月31日，记者在深圳采访到了汇丰环球私人银行亚太区负责人严乐居(Lok Yim)。结合 三十年来的工作经验和近几年的观察，他分享了近些年来对财富市场的深入洞察以及汇丰在高净值人群财富管理业务方面的持续投入。 高净值人群财富管理涌现四大需求趋势 当下，高净值财富客群的资产配置需求日益多元化。从资产配置结构来看，昔日"重仓"国内房地产和A股的单一格局正在瓦解；除了传统的固收与二级市场 权益类产品，跨境资产配置的需求迅猛增长。其中，境外美元债、亚太区REITs（不动产投资信托基金）及欧美私募股权基金成为备受投资者关注的领 ...

Core Viewpoint - Hong Kong is expanding its leading advantage in the family office sector, with expectations to surpass its 2022 goal of attracting over 200 large family offices by the end of 2025 [2] Group 1: Family Office Growth in Hong Kong - Hong Kong's 2025-2026 budget includes more tax incentives for single family offices (SFOs) [2] - The Capital Investment Entrant Scheme (CIES) has been optimized after one year, with a set investment threshold of HKD 30 million, receiving 918 applications and expected total funding exceeding HKD 27 billion [2][6] - Over 2,700 SFOs were reported in Hong Kong last year, with one-third of ultra-high-net-worth individuals having assets over USD 100 million [2][3] Group 2: Comparison with Singapore - Hong Kong's favorable policies and tax reductions contrast sharply with Singapore's stricter tax rules and complex approval processes for family offices [3] - Singapore is expected to see a 43% increase in family offices in 2024, reaching 2,000, despite a projected slowdown in growth due to regulatory changes [6][8] Group 3: Wealth Growth in Asia - The number of individuals with over USD 10 million in assets in Asia is projected to grow at an annual rate of 8.7% from 2024 to 2028, surpassing the global growth rate of 6.9% [8][11] - By 2028, the number of ultra-high-net-worth individuals in Asia is expected to increase by 8.5% to 35,895, representing 32% of the global total [11][12] Group 4: Strategic Position of Hong Kong - Hong Kong serves as a strategic gateway for private banking in the Greater Bay Area and mainland China, with government policies aimed at attracting wealthy individuals and family offices [9] - Southeast Asian wealthy individuals may find Singaporean banks more advantageous for transferring funds overseas [9]

Core Insights - CICC won two awards at the 2025 Global Private Banking Innovation Awards, namely "Best Private Bank in Hong Kong" and "Best Portfolio Management Solution," becoming the only Chinese institution to receive awards in this event [1][2][5] - The company emphasizes a "China-rooted, globally integrated" philosophy, aiming to provide comprehensive, one-stop global investment solutions for individual, family, and corporate clients [1][2] Group 1: Awards and Recognition - CICC's international wealth management has been recognized for its outstanding service capabilities and innovative investment solutions, winning multiple international awards this year [1][2] - The awards reflect CICC's commitment to customer-centric service, global vision, and a focus on high-quality investment solutions [2][5] Group 2: Investment Solutions - CICC's investment management business spans both primary and secondary markets, providing a one-stop private equity allocation solution that addresses traditional investment barriers [4] - The company utilizes a mature "50 series" advisory system to enhance clients' asset allocation throughout their investment lifecycle, effectively mitigating regional market risks [4] Group 3: Future Outlook - The dual awards signify recognition of CICC's foundational philosophy and set expectations for continued innovation and leadership in the wealth management sector [4] - CICC aims to maintain its commitment to excellence in service, leveraging a broader global perspective and deep professional expertise to create long-term value for clients [4]